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Vodafone Qatar net loss narrows further

: Wednesday, July 23 - 2014 @ 16:47

The Qatar Exchange 20 Index gained 0.53 per cent to close at 13,189.56 points on Wednesday, July 23.

Vodafone Qatar added a tiny 0.31 per cent to reach QAR19.70. Earlier in the day, the second telecom operator in the gas-rich Gulf state said it suffered a net loss of QAR 27.41 million ($7.4 million) in the first half of 2014, in comparison to a net loss of QAR 84.87 million ($22.9 million).

Doha Bank slipped 1.72 per cent to close at QAR182 ($49.14 million). Arjuna Mahendran, the CIO of Emirates NBD wealth management said “with a 7.5 percent expected dividend yield in 2014 – the highest amongst EMEA Banks – Doha Bank remains one of our top picks. “

Gérard Al-Fil

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Wednesday, July 23- 2014 @ 16:47 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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